Chubu Electric President to Resign Over Data Scandal
Chubu Electric Power President Kingo Hayashi and Chairman Satoru Katsuno plan to resign following a scandal over falsified seismic data at the Hamaoka nuclear plant. Director Minoru Yasui is slated to take over as president as nuclear safety reviews remain suspended.
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CHUBU ELECTRIC POWER CO INC President Kingo Hayashi and Chairman Satoru Katsuno will resign on Monday following a falsified seismic data scandal at the Hamaoka nuclear power plant. The leadership shakeup follows a regulatory suspension of the plant's safety review in Japan. Chubu Electric shares face renewed scrutiny as the decommissioning of the site's No. 1 and No. 2 reactors proceeds alongside the fallout.
